We all know it’s a good idea to make New Year’s Resolutions for entrepreneurs. While it’s important to resolve to make certain improvements, it is even more important to follow through on them. We can do that by setting goals we can stick to and by breaking those goals down into smaller measurable chunks.
Resolutions such as, I will eat healthier, exercise more, read more etc., are often abandoned quickly because they’re really just wishful thinking. In order to be achievable, goals need to have a tangible and measurable outcome and you need a plan to get there.
An example of a measurable goal is I will lose 10 pounds. Giving up deserts or working out five times a week are examples of a plan to get there.
New Year’s Resolutions For Entrepreneurs
1. Set Realistic Goals And Milestones
Make a resolution to set realistic goals and break them down into achievable milestones. This is important because every milestone reached becomes a small victory and this will motivate you to keep moving toward your major goal.
2. Measure And Keep Track Of Your Successes
It’s easy for an entrepreneur to feel too busy to build proper feedback loops into the business. But without ways to measure your success, you’re just hoping for the best. Resolve to follow the lean startup methodology of build, measure and learn.
3. Delegate More
Do more of what you do best and support and encourage your staff to do what they do best. Then, stay out of their way while they’re doing it.
People are happier and more productive when they feel like they’re making a meaningful contribution. The difference between surviving and success can be as simple as knowing how to manage your time by focusing on what you do best.
4. Improve Your SEO
Whether you’re an established retailer or you’ve just started a business, you need to constantly improve your search engine optimization (SEO) and local SEO. You’re never done with SEO. Your competitors are constantly working on it and so should you.
5. Find Healthy Ways To Manage Stress
It’s easy to use stress and a busy schedule as an excuse for unhealthy habits. Eating clean and working out will lead to increased performance but fast food meals and skipping out on physical activity will deliver the opposite result. Making poor choices comes with a price and it’s not a good deal for you.
6. Get Inspired
Read the biography of a successful person. It’s a way to learn something new and get inspired to do more at the same time. One of the easiest ways to achieve success is to model successful people.
7. Keep Up With Industry News
Staying current is a must for entrepreneurs. You need to know what’s going on in the world to make smart, forward-thinking decisions for your business and to grow your social network effectively.
8. Pay More Attention To Customer Feedback
Entrepreneurs often forget to ask for and listen to customer feedback. This could be costing you a lot of money in lost sales. Make it a priority to engage with your customers and ask them how your business could serve them better. Conduct surveys, use focus groups or reach out to people on social media. Implement whichever suggestions make the most sense.
9. Expand Your Knowledge
Applied knowledge is power. Make time to read a few good business books or listen to a podcast while you’re driving – you’ll be making an investment in yourself. Resolve to learn more and become a better entrepreneur in 2017.
New Year’s resolutions are a long-standing tradition. January gets its name from Janus, a two-faced god who looked backward into the old year and forward into the New Year.
This tradition can be a starting point for real improvement in your business if you follow the advice in this article. Make a list of your resolutions for 2017 (and milestones) and keep it posted where you can see it every day.
Wishing you much success and a Happy New Year!